Friday, 26 February 2010

Britain will "one day" adopt the euro, business minister Peter Mandelson said on Friday, but admitted that the changeover is not likely any time soon.

"We already have the eurozone providing a single central bank, currency and monetary policy, which one day I believe Britain will be part of," Mandelson said during a talk at a university in Paris.

"Don't ask me when. It's not going to be soon, but we will do it,"

Really, Mandy? You seem very sure. Were you planning to ask your electorate about the matter?

Considering that polls consistently say that Britain is a solidly eurosceptic country, even without the spectre of joining the Euro being involved, how do you come to such a bald conclusion?

Still, we should worry not, as any decision on ditching sterling will surely require a referendum. And any move towards the eurozone will certainly need to be a solid manifesto commitment prior to a general election.